Gold price - XAU / USD after a sharp decline of 548 pips in week 45, continued to engulf the Bull before recovering again. Luckily for the Bull, Gold continued to recover around 87 pips.
Week 46/2019 has the following important factors that investors must pay attention to:
On 11/11/2019, Gold had another sell-off session, pushing the price to 1448 before recovering. The reason for this fluctuation is because the Gold Contracts equivalent to more than 3,000,000 ounces are transferred to hand the risk of further sell-off. At 10:30 am New York time, about 33,596 gold contracts were traded.
This is a dangerous signal because it shows that long-term investors are taking profits in gold trading. The Bulls are Long from 1200, and the point where the Bull took profit to push the price of Gold to 1446 is 1467.
Week 46/2019 has the following important factors that investors must pay attention to:
On 11/11/2019, Gold had another sell-off session, pushing the price to 1448 before recovering. The reason for this fluctuation is because the Gold Contracts equivalent to more than 3,000,000 ounces are transferred to hand the risk of further sell-off. At 10:30 am New York time, about 33,596 gold contracts were traded.
This is a dangerous signal because it shows that long-term investors are taking profits in gold trading. The Bulls are Long from 1200, and the point where the Bull took profit to push the price of Gold to 1446 is 1467.
Trade closed: target reached